International Journal of Marketing & Financial Management
Print ISSN : 2349 –2546
Online ISSN : 2348 –3954
Frequency : Monthly
Current Issue : Volume 4 , Issue 7
2016
*A.E.Omoregie , **Eromosele, P.E , ***Edo, C.O
*Department of Accounting Faculty of Management Sciences Ambrose Alli University Ekpoma, **Department of Accounting Faculty of Management Sciences, University of Benin Benin City, ***Department of Accounting Faculty of Management Sciences, University of Benin Benin City
Published Online : 2016-10-30
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ABSTRACT
The study examines the relationship between stock market volatility and other explanatory variables (inflation rate and interest rate) on economic growth.
The Error Correction Model was employed to analyze the time series data from 1984-2012. The result revealed that stock market volatility, inflation rate and interest rate had a positive relationship with economic growth having reported a coefficient value of (0.000137), (0.035914), and (0.508464) respectively.
It was however recommended that since the activities of the stock market increase the economic growth of Nigeria, the government should put more developmental measures in place in order to sustain the growth of the nation’s economy.
Keywords: Stock market Volatility, Economic Growth, Error Correction Model.
